Construct · 1 fields · 1 citations

high-level equilibrium trap: a standalone construct

One name. One construct. A landmark on the map.

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Economic history

the explanation, from Elvin, of why premodern China did not industrialize: its efficient traditional economy left little incentive for labor-saving invention.

In economic history, high-level equilibrium trap refers to the explanation, from Elvin, of why premodern China did not industrialize: its efficient traditional economy left little incentive for labor-saving invention. This meaning comes from Elvin (1973) in The pattern of the Chinese past.[1]

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Nearby constructs

equilibrium4 fields · 4 citationsjingle · one word, four constructs incentive4 fields · 5 citationsjingle · one word, four constructs invention4 fields · 8 citationsjingle · one word, four constructs

References

Elvin, M. (1973). The pattern of the Chinese past. Eyre Methuen. ISBN 9780804708760

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